School board to again consider Oak Park purchase on Monday

Sunday

The Hays USD 489 school board has called a special meeting for 5:30 p.m. Monday to again consider the purchase of Oak Park Medical Complex, 2501 E. 13th, to house Head Start programs.

Two items are on the agenda: a vote on the acceptance of the finance strategy for the purchase and adoption of a resolution on the lease-purchase agreement for the property.

The board had scheduled a meeting Wednesday to consider the financing bids, but that was derailed when board member Greg Schwartz refused to waive a statutory requirement that board members get two days notice of a meeting. The meeting was scheduled Wednesday morning.

Schwartz has spoken in opposition of the project, citing a lack of information including an appraisal of the property and how the move would fit with long-range facilities planning, including a possible bond proposal.

Four banks bid on the $1.8 million to be financed for the lease purchase, with Bank of Hays the low bid at $2.1 million. The annual percentage rate would be 3.49 percent, with a fixed semi-annual payment of $107,974 for 10 years from the Capital Outlay budget.

The district will pay $200,000 up front for the purchase.

The Oak Park purchase would move Early Childhood Connections from the 92-year-old former Washington Elementary School, 305 Main, and center-based Head Start from the former Munjor Elementary School.

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